News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

3i sells two companies from struggling technology portfolio

3i has sold two technology companies from its battered early-stage portfolio, which has suffered a series of write-downs in recent months.

3i sold SPC International, an IT services business, in a £6.1m (€8.9m) secondary buy-out from Beringea, the UK private equity firm formerly known as ProVen Private Equity. 3i had backed the company since 1998.

WSJ Logo